With focus largely on the impending UK election, it would be a mistake to ignore what is likely to be a pivotal meeting for the Euro at the European Central Bank.
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EUR/USD is biased towards making further gains in the week ahead due to the material risk that the US Dollar will weaken following the testimony from former chief of the FBI James Comey on Thursday…
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It would be unwise for those watching foreign exchange markets to believe political risks coming out of the Eurozone have completely faded.
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The latest recent factor to impact foreign exchange markets has been the possibility of the next Italian general election being held earlier than previously expected.
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For a whole three years now the Euro to US Dollar pair has been stuck in a range between 1.05 - 1.15, torturing traders and investors alike with its random walk.
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EUR/USD has had a rough start on Tuesday morning after losing almost a third of a percent during the overnight trade.
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The Euro exchange rate complex has undergone a period of strengthening over recent weeks to the extent that the Euro is now the best-performing amongst a group of the world’s ten biggest currencies…
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